Internet Initiative Japan (OTCMKTS:IIJIY) Shares Gap Down - What's Next?

Key Points

• Internet Initiative Japan's shares gapped down from $37.84 to $36.45, reflecting a 3.7% decline prior to trading on Monday.
• Wall Street analysts downgraded the company’s rating from "buy" to "hold" and reported an earnings miss of $0.45 EPS compared to estimates of $0.52.
• The company had a revenue of $590.48 million in the latest quarter, exceeding analysts' expectations despite the earnings shortfall.

Internet Initiative Japan, Inc. (OTCMKTS:IIJIY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $37.84, but opened at $36.45. Internet Initiative Japan shares last traded at $36.45, with a volume of 206 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Internet Initiative Japan from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th.

Internet Initiative Japan Stock Down 3.7%

The business's fifty day moving average price is $37.82 and its 200 day moving average price is $36.31. The firm has a market capitalization of $3.34 billion, a PE ratio of 24.80 and a beta of 1.02.

Internet Initiative Japan (OTCMKTS:IIJIY - Get Free Report) last announced its earnings results on Tuesday, May 13th. The communications equipment provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). Internet Initiative Japan had a net margin of 6.30% and a return on equity of 14.74%. The business had revenue of $590.48 million during the quarter, compared to analysts' expectations of $575.53 million. On average, analysts anticipate that Internet Initiative Japan, Inc. will post 0.37 earnings per share for the current year.

Internet Initiative Japan Company Profile

Internet Initiative Japan Inc provides Internet connectivity, WAN, outsourcing, systems integration, and network-related equipment sales services in Japan. It operates through two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company offers mobile communication and remote access/telework services; WAN/network services, including SDN, multi-cloud network, closed connection, internet VPN, SEIL, remote access, wireless LAN, and GIGA-school; leased line and broadband services; IIJ DNS platform, and domain name registration and maintenance services; IIJ access ID management, dial-up access, and IIJ IPv6 fiber access services; and security solutions for IIJ managed firewall, DDoS protection, and managed IPS/IDS services.

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